proper disclosure: Ethical "Affiliated Businesses"? Or Bilking & Kickbacks. Title Companies Watch Out!
- 01/29/07 07:13 AM
I don't get something. "Affiliated" businesses and how they are legal. FIRST OF ALL LETS DEFINE RESPA? Respa's website says "RESPA is about closing costs and settlement procedures. RESPA requires that consumers receive disclosures at various times in the transaction and outlaws kickbacks that increase the cost of settlement services." Could a Realtor that is in "partnership" with a Title company, please help me understand why it is ok to skirt around this law? More frequently I am finding large real estate companies "partnering" with settlement companies and doing so in a manner that technically gets them around the kickback laws. One AR blog even … (16 comments)
Related Links:
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
I don't get something. "Affiliated" businesses and how they are legal.
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